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posledela
3 years ago
9

The FDIC found out that a company misreported information to a credit scoring company about Wanda. Wanda contacted the company a

nd asked them to fix the problem. The company refused to talk about it and referred her back to the credit company. The FDIC declares the company has violated the
Business
2 answers:
IRISSAK [1]3 years ago
8 0

The FDIC declares the company has violated the<u> "Fair Credit Reporting Act".</u>


The Fair Credit Reporting Act (FCRA) is the demonstration that directs the accumulation of credit data and the entrance to credit reports. It was passed in 1970 to guarantee reasonableness, precision and protection of the individual data contained in the documents of the credit revealing organizations.  

The Fair Credit Reporting Act is the essential enactment that administers all exercises relating to the announcing of credit data for customers. Two key territories of center for the Act incorporate the insurance of credit detailing data and the benchmarks for how credit data is recorded.

Alborosie3 years ago
5 0
Fair Credit Reporting Act
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Mondale Winery depreciates its equipment using the group method. The cost of equipment purchased in 2021 totaled $565,000. The e
beks73 [17]

Answer:

$90,400

Explanation:

Mondale Winery depreciates it's equipment by making use of the group method.

The cost of equipment that was purchased in 2021 totaled $565,000

The residual value of the equipment was $54,000

The group depreciation rate is 16%

= 16/100

= 0.16

Therefore, the annual depreciation can be calculated as follows

Annual depreciation= Cost of equipment × Group depreciation rate

= $565,000×0.16

= $90,400

Hence the annual depreciation for the group is $90,400

4 0
3 years ago
The Gramm-Leach-Bliley Act
Feliz [49]

Answer: a. requires financial institutions to ensure the security of customer data.

Explanation:

The Gramm–Leach–Bliley Act (GLBA), which is also known as the Financial Services Modernization Act of 1999 is an act of the 106th United States Congress.

The Act requires that Financial Institutions such as commercial banks, investment banks, securities firms, and insurance companies under the FINANCIAL PRIVACY rule ensure that they explained their information sharing principles of their customers' information to their customers and to safeguard sensitive data.

7 0
3 years ago
Mike interviewed Dan for a sales clerk position, and Mike really liked Dan. They got along great in the interview, and they are
monitta

Answer:

c. Seeing what you want to see

Explanation:

8 0
3 years ago
Explain one impact on business of rising interest rates
Tanya [424]
The rising interest rates make it harder to start concrete businesses (worse loans) so an impact would be online businesses gaining popularity.
8 0
3 years ago
A tour group split into two groups when waiting in line for food at a fast food counter. The first group bought 8 slices of pizz
creativ13 [48]

Answer:

The cost of an slice of pizza is $3.94

Explanation:

Hi, we have to construct 2 equations with the information of the problem, the first one is " 8 slices of pizza and 7 soft drinks for $45.10".

8P+7D=45.10

And the second one, when "The second group bought 6 slices of pizza and 5 soft drinks for $33.34" is.

6P+5D=33.34

Where: P = pizza slices and D= soft drinks

We need to substract one equation from the other, but firs we need to equal one of the variables. In order to do so, we multiply our first equation by 5 and the second one for 7, therefore we get.

First equation

40P+35D=225.5

And the second one:

42P+35D=233.38

And now, we substract them and solve.

40P+35D-(42P+35D)=225.5-233.38

40P-42P+35D-35D=-7.88

-2P=-7.88

P=\frac{-7.88}{-2} =3.94

The cost of a slide of pizza is $3.94

In case you needed to find the cost of the soft drink, we just substitute P for 3.94 in any of the initial equations, that is:

8(3.94)+7D=45.1

7D=13.58

D=1.94

The cost of a soft drink is $1.94

Best of luck.

7 0
3 years ago
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